Sourcing & Procurement Retainer Model

Source One’s flexible retainer model for sourcing departments in small to medium sized businesses gives you access to an entire team of procurement resources and subject matter experts – for one low cost.

Procurement professionals in small to mid-sized companies are focused on ensuring the consistency of supply and inventory, and generating and processing purchase orders. They lack the time and resources to maintain a constant focus on more strategic initiatives. Source One’s innovative Sourcing and Procurement Retainer Model is the answer, giving small companies and their procurement departments the flexibility to manage their day-to-day procurement responsibilities and deliver strategic value to the business through cost savings, process improvements, and risk mitigation. Companies who use Source One’s smaller business sourcing retainer model gain access to an on-demand procurement team to focus on:

Unlike using temp staffing firms or short-term procurement and sourcing contractors, which add complexity by making you search for, onboard, train, and exit individual resources with narrow specialties or job descriptions, the Source One Sourcing and Procurement Retainer Model for Small to Medium Sized Businesses lets you utilize the right resources at the right time in a managed service environment. We keep costs low in this smaller business sourcing retainer agreement by assigning an Account Manager who becomes familiar with your company’s culture and requirements, and who scales our domestic and local procurement and sourcing resources and subject matter experts up and down according to your needs. You don’t pay for sourcing and procurement resources you don’t need.

Your Scalable Procurement Team

At Source One, we help strategic sourcing and procurement groups become trusted partners to their business, adding value beyond just being bid administrators or corporate negotiators. Savvy companies achieve a competitive advantage and become industry leaders by trusting procurement to gain access to new products and innovation, optimize the supply chain, and disrupt their competition. Our customized, flexible, strategic strategic sourcing solutions equip companies with the right resources, tools and technologies, best practices, and market intelligence to stay ahead of the curve.

Category-Specific Subject Matter Expertise

Source One has an unmatched team of spend category specialist resources to efficiently and effectively tackle your supplier relationship management, project management, strategic sourcing, and category management initiatives. Our scalable procurement resources are proficient in all phases of category management for specialty categories such as information technology and telecom, marketing, finance and banking, utilities, MRO supplies as well as a large range of direct and indirect goods and services.

A well-designed procurement and strategic sourcing strategy is only as effective as your procurement organization’s ability to execute upon it. If you are dealing with forming or reforming a procurement strategy, it is necessary to think about the long-term as well as short-term issues. This involves addressing aspects of your procurement operations from staff requirements, to demand planning, to negotiation tactics – and everything in between. Our industry veterans in sourcing and procurement will assess all your procurement people, processes, tools, and technology to guarantee every piece adds value and is a central element of achieving your procurement performance goals.

BPO Advisory

Our expert retainer-based procurement and sourcing team for small to medium sized businesses will aid you in choosing processes to outsource, prioritize your processes, pinpoint risks, and assist you in sustaining an ongoing relationship with the right provider. Our subject matter experts and scalable strategic sourcing resources have decades of procurement experience to guide you through business process outsourcing.

Spend Visibility Made Easy

Our spend analysis techniques at Source One have been developed to guarantee you a workable and competitive advantage among your peers in a few simple steps. First, our sourcing retainer-based team for small businesses efficiently gathers data from your Accounts Payable and any other invoice-level data that needs to be used before handing it off to our spend consultants to consolidate and categorize the information. Then the data is cleansed to ensure normalization and remove duplication. Finally, we categorize the data according to our proprietary-focused taxonomy to yield unmatched visibility and target the best sourcing opportunities for your organization. You don’t have to wade through a lengthy, complex implementation period with your IT and Finance stakeholders. Simply provide our spend analysis experts and scalable, retainer-based sourcing resources with the spend data and we’ll handle the rest.